What are ACL's and state any three general importance of using ACL's in Information Security.

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What are ACL's and state any three general importance of using ACL's in Information Security.
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ACL stands for Access Control List. It is a list of permissions attached to an object that specifies which users or system processes are granted access to objects, as well as what operations are allowed on given objects. Each entry in a typical ACL specifies a subject and an operation.

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